Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.82%
baseline attrition
Rally response
+0.95%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $65M | 7.2% | — | 6.5 yr |
| JBNDJPMorgan Active Bond ETF | $60M | 6.7% | — | 1.8 yr |
| MMITNYLI MacKay Muni Interme | $46M | 5.1% | — | 4.5 yr |
| AVIVAvantis International La | $43M | 4.8% | — | 1.5 yr |
| GSLCGoldman Sachs ActiveBeta | $41M | 4.5% | — | 6.5 yr |
| DLNWisdomTree U.S. LargeCap | $36M | 4.0% | — | 6.5 yr |
| DIVBiShares Core Dividend ET | $28M | 3.1% | — | 1.3 yr |
| GSIEGoldman Sachs ActiveBeta | $28M | 3.1% | — | 6.5 yr |
| DONWisdomTree U.S. MidCap D | $26M | 2.9% | — | 6.5 yr |
| IVViShares Core S&P 500 ETF | $25M | 2.8% | — | 6.5 yr |
| CTASimplify Managed Futures | $24M | 2.7% | — | 0.8 yr |
| PWVInvesco Large Cap Value | $23M | 2.5% | — | 2.0 yr |
| VUGVanguard Growth ETF | $22M | 2.5% | — | 5.0 yr |
| AVDEAvantis International Eq | $22M | 2.4% | — | 3.0 yr |
| JMUBJPMorgan Municipal ETF | $21M | 2.3% | — | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management93.6%+2.7pp$839M
Asset Management - Bonds1.9%-2.7pp$17M
Asset Management - Global1.6%+0.3pp$15M
Asset Management - Income0.3%+0.1pp$3M
Drug Manufacturers - General0.3%-0.1pp$3M
Insurance - Diversified0.3%-0.1pp$2M
Regulated Electric0.3%+0.0pp$2M
Consumer Electronics0.2%-0.1pp$1M
Semiconductors0.2%+0.0pp$1M
Software - Infrastructure0.1%-0.1pp$1M
Country
US99.9%-0.0pp
IE0.0%+0.0pp
Unknown0.0%+0.0pp
CA0.0%+0.0pp
GB0.0%+0.0pp
NL0.0%+0.0pp
CN0.0%-0.0pp
TW0.0%+0.0pp
Top 5: 28.4% · Top 10: 44.4% · Top 25: 75.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| BA The Boeing Company | +$1M |
| WEC WEC Energy Group, Inc. | +$0M |
| PEP PepsiCo, Inc. | +$0M |
| MSTR Strategy Inc | +$0M |
| BMNR Bitmine Immersion Technologies | +$0M |
| GWW W.W. Grainger, Inc. | +$0M |
| ASB Associated Banc-Corp | +$0M |
| AMGN Amgen Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| LMT Lockheed Martin Corporation | +$0M |
Top sells this quarter · 15
| EXAS Exact Sciences Corporationexit | −$0M |
| UNP Union Pacific Corporation | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| XOM Exxon Mobil Corporation | −$0M |
| UPS United Parcel Service, Inc. | −$0M |
| AXP American Express Company | −$0M |
| STLD Steel Dynamics, Inc. | −$0M |
| DIS The Walt Disney Company | −$0M |
| ET Energy Transfer LP | −$0M |
| SOFI SoFi Technologies, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $896M | 509 | +21.52% | +17.59% | +3.92% | +0.02B |
| 2025-12-31 | $864M | 496 | +17.23% | +17.72% | -0.49% | +0.01B |
| 2025-09-30 | $833M | 516 | +14.76% | +17.52% | -2.76% | +0.00B |
| 2025-06-30 | $756M | 492 | +11.75% | +14.94% | -3.19% | +0.07B |
| 2025-03-31 | $643M | 498 | +7.49% | +8.30% | -0.81% | +0.09B |
| 2024-12-31 | $567M | 507 | +17.92% | +24.89% | -6.97% | +0.03B |
| 2024-09-30 | $541M | 488 | +29.03% | +36.04% | -7.00% | +0.01B |
| 2024-06-30 | $498M | 499 | +13.32% | +24.49% | -11.17% | +0.02B |
| 2024-03-31 | $466M | 446 | +18.00% | +29.62% | -11.62% | -0.00B |
| 2023-12-31 | $438M | 424 | +16.03% | +26.18% | -10.14% | +0.05B |
| 2023-09-30 | $359M | 448 | +13.37% | +21.57% | -8.20% | +0.00B |
| 2023-06-30 | $378M | 452 | +13.70% | +19.42% | -5.73% | -0.01B |
| 2023-03-31 | $360M | 450 | -7.56% | -7.82% | +0.26% | +0.00B |
| 2022-12-31 | $339M | 434 | -16.20% | -18.17% | +1.98% | +0.02B |
| 2022-09-30 | $301M | 428 | -12.80% | -15.51% | +2.71% | +0.01B |
| 2022-06-30 | $306M | 432 | -7.16% | -10.62% | +3.46% | +0.03B |